SMT GB announce the acquisition of Agg-Pro
Volvo CE dealer targets crushing, screening, environment, and recycling as key growth area
SMT, the exclusive dealer of Volvo Construction Equipment in Great Britain, have announced the successful acquisition of Agg-Pro Ltd, specialists in the supply, service, and support of crushing, screening, and washing equipment machinery to the aggregate, processing and recycling sectors.
Agg-Pro, who are known for representing key brands such as McCloskey, GIPO, Jonsson, Lippmann, Tesab, McCloskey environmental, CRS NI and MWS, will operate as a subsidiary of SMT GB, to retain focus on serving their customer base.
Geoff Caves, chairman of Agg-Pro, said: ‘Over the past three years, we have put in significant effort to prepare the business for future growth. After careful consideration, we have chosen to sell the business to SMT, viewing this as a key step to unlock Agg-Pro’s potential as an industry leader. I am confident this is the right step with a strong cultural fit.’
Steve Peterson, managing director of Agg-Pro, added: ‘Agg-Pro is the product of decades of work by Geoff Caves and his team, and we are now in a position to grow even further with the assistance of SMT GB. We remain dedicated to our customers and are excited to be acquired by a company with an ethos and growth strategy that matches our own.’
Nick Allen, chief executive officer of SMT GB, commented: ‘The acquisition of Agg-Pro marks a significant step in the growth strategy of SMT in Great Britain. The company is an excellent fit with SMT in terms of its customer-focused culture, complementing our existing business. I’d like to personally welcome all Agg-Pro employees to SMT.’
SMT Group chief executive officer Jérôme Barioz said: ‘SMT have targeted crushing and screening and environment and recycling as key growth areas where we aim to lead in sustainable and integrated solutions. The acquisition of Agg-Pro is a fantastic start in these segments. Partnering with MPP, part of Metso Corporation, and GIPO will also help us expand into new regions, and we are thrilled to work with such esteemed industry leaders.’
Niko Aunio, senior vice-president of MPP, remarked: ‘We welcome the opening of this new chapter in Agg-Pro history and our presence in Great Britain. Geoff and his team have done a fantastic job since Agg-Pro was created in 1996. SMT will bring a different set of competences and additional resources that will enable Agg-Pro to grow further. We are excited to take our common business to the next level in our industry.’
